“Much attention will continue to be given to the supervision function. Once again we will focus on credit unions, in particular on those that are systemically important and most risk exposed. The former ones are important due to the stability of the entire financial system and the latter draw attention automatically. Still, most resources will traditionally be allocated for the supervision of banks. We will continue to closely monitor locally-owned banks, the operations of which were less effective, in particular during the crisis,” Vasiliauskas told the weekly magazine Veidas.
An investor for Finasta would be sought for this year, he said.
“The third important task this year is the sale of Finasta. We hope that Snoras’ creditors and administrator will resolve to sell it. In this case the buyer, which will also be screened by the Bank of Lithuania, will have to be chosen carefully. If everything goes smoothly, we will have a new reliable market player this year,” Vasiliauskas said.
The central bank would also continue to pay much attention to the insurance market this year, he added.
